State, Local Funding Helps Newtex Industries Expand in Victor, New York
09/09/2010
"We are lucky to have organizations like Ontario County EDC, PathStone, and Empire State Development working overtime to support businesses like ours in bringing new technology and jobs to the region. I am grateful that these development agencies understood the significance of their support to both our project, our future, and to the continued employment of our dedicated and talented work force. In a time when conventional lending was non-existent, they have all made a real difference," said Jerry Joliet, Newtex CEO.
The company will make an additional $60,000 equity investment towards the project. It is expected to create more than 10 jobs in the coming three years.
Newtex products are used in a number of industries and in specialized firefighting apparel.
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024